With crypto getting some gains in last few days (dead cat bounce?), any chance Celsius can survive if the momentum stays same and BTC doesn't fall below 20k?
I heard they reduced the liquidation price significantly and have been paying debt..

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Celsius paid off their BTC debt entirely, so their liquidation price is 0 now. However they are using customer funds to pay it off.

They are trying to pay off their defi loans to unlock their collateral. Once that is all cleaned up, they'll likely declare bankruptcy with whatever assets are left.

They actually sent the wBTC (about $500M) to FTX. Not sure what it's doing there. Either dumping it, swapping it for BTC, who knows.

Chance of Celsius surviving though? Probably very low. Would honestly count any funds there as completely lost.

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This aged well, unfortunately.

I don’t think it matters because the odds of it staying above that at this point are slim to none anyway.

Honestly very little chance. They’d be interacting with the community more if there was any chance IMO

No lol. They literally used your funds to pay their debt. Jail the ceo or bust

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